Nutex Health (NASDAQ:NUTX) Coverage Initiated by Analysts at Maxim Group

Maxim Group assumed coverage on shares of Nutex Health (NASDAQ:NUTX) in a research note published on Wednesday, Marketbeat.com reports. The firm issued a buy rating and a $45.00 price objective on the stock.

Separately, Benchmark raised their price objective on Nutex Health from $30.00 to $45.00 and gave the stock a buy rating in a research note on Wednesday, August 21st.

Nutex Health Price Performance

Shares of NUTX opened at $24.50 on Wednesday. The company has a current ratio of 1.59, a quick ratio of 1.55 and a debt-to-equity ratio of 3.04. The stock has a market cap of $121.81 million, a P/E ratio of -2.31 and a beta of 0.08. The stock’s 50-day moving average price is $15.55 and its two-hundred day moving average price is $10.97. Nutex Health has a 1 year low of $4.16 and a 1 year high of $45.00.

Nutex Health (NASDAQ:NUTX) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.29) by $0.22. Nutex Health had a negative net margin of 13.73% and a negative return on equity of 43.79%. The business had revenue of $76.08 million for the quarter.

Insider Activity at Nutex Health

In related news, CFO Jon Christian Bates acquired 1,350 shares of the stock in a transaction dated Thursday, August 22nd. The stock was bought at an average price of $21.46 per share, with a total value of $28,971.00. Following the completion of the transaction, the chief financial officer now directly owns 2,277 shares of the company’s stock, valued at $48,864.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 38.52% of the stock is owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Nutex Health stock. Beaird Harris Wealth Management LLC increased its holdings in shares of Nutex Health Inc. (NASDAQ:NUTX) by 210.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 930,282 shares of the company’s stock after purchasing an additional 630,168 shares during the quarter. Beaird Harris Wealth Management LLC owned approximately 0.14% of Nutex Health worth $167,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 5.32% of the company’s stock.

About Nutex Health

Nutex Health Inc operates as a physician-led, healthcare services, and operations company. It operates through three segments: Hospital, Population Health Management (PHM), and Real Estate. The PHM segment establishes and operates independent physician associations; and offers a cloud-based platform for healthcare organizations to provide value-based care and population health management.